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In August, Maryland's collective adult-use and medical cannabis purchases reached $91.7 million, surpassing the previous month's total of $87.4 million. This increase in sales is attributed to the state's decision to legalize adult-use cannabis and implement a hybrid licensing structure. Four prominent medical marijuana companies, Curaleaf Holdings, Green Thumb Industries, Acreage Holdings, and PharmaCann, have urged New York Gov. Hochul to adopt a similar licensing structure.

Portfolio Pulse from Maureen Meehan

September 06, 2023 | 11:41 pm

LGIH

LGI Homes has reported a year-on-year growth of 23.8% in home closings for August 2023, with a total of 624 homes closed.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:52 pm

SOFI

Bank of America Securities analyst Mihir Bhatia has noted an uptrend in student loan repayments, which could benefit companies like SoFi Technologies Inc. The analyst observed that Department of Education deposits for August were the highest since March 2020. Bhatia suggests that borrowers might be trying to get ahead or are refinancing their student loans. SoFi, which held 40% of the market share in private student loan refinancing pre-pandemic and now boasts a 60% dominance, could see a boost from this trend. SoFi's loan originations for Q3 soared to $1.1 billion, up from $395 million in the previous quarter.

Portfolio Pulse from AJ Fabino

September 06, 2023 | 9:37 pm

ODFL

Old Dominion Freight Line's (ODFL) revenue per day decreased by 1.4% in August year-over-year. This decrease is attributed to a 6.0% decrease in LTL tons per day, reflecting continued softness in the domestic economy and a change in the mix of freight.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:13 pm

CHPT

ChargePoint (CHPT) has projected its Q3 revenue to be between $150M and $165M, which is lower than the estimated $181.63M.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:26 pm

BASE

Couchbase has provided its financial outlook for Q3 and FY2024. The company expects Q3 revenue to be between $42.7M-$43.3M, lower than the estimated $43.63M. For FY2024, the revenue is projected to be between $171.7M-$174.7M, which is in line with the estimated $173.39M. The company is unable to provide GAAP targets for operating loss due to the difficulty of estimating certain items.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:15 pm

AI

C3.ai has projected its Q2 total revenue to be between $72M and $76.5M, compared to an estimate of $73.81M. The company also forecasts its FY24 total revenue to be between $295M and $320M, versus an estimate of $308.2M.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:14 pm

CXM

Sprinklr has provided guidance for the full fiscal year ending January 31, 2024, with expected EPS of $0.30-$0.31, up from the estimated $0.22. The company also anticipates total revenue of $719M-$721M, higher than the estimated $714.14M.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:13 pm

PATH

UiPath has projected its Q3 revenue to be between $313M-$318M, compared to the estimated $315.33M. The company also forecasts its FY24 revenue to be between $1.273B-$1.278B, slightly above the estimated $1.27B.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:12 pm

VRNT

Verint has provided its non-GAAP annual outlook for FYE 2024, expecting an EPS of $2.65, which is in line with estimates, and revenue of $910 million, which is slightly below the estimated $934.58 million. The company also expects SaaS revenue to grow by 18%-20% YoY, and adjusted EBITDA to be $250 million, reflecting a 5% YoY growth. The outlook excludes certain GAAP measures and does not account for potential impacts of any future business acquisitions.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:10 pm